Category : Switzerland

Lykke Business Appoints Dom Braun as New CEO

Lykke Business, a Swiss fintech company that runs the crypto exchange Lykke Wallet for retail and professional traders, announced that it has appointed Dom Braun as its new CEO. Dom is an experienced business and technology leader who will succeed Ni...

BIS Joins Forces With Seven Central Banks to Explore Practicality of Retail CDBCs

A group formed by seven central banks and the Bank for International Settlements (BIS) has now turned to practical policy and implementation issues for retail Central Bank Digital Currencies (CBDCs), building on an initial report published in 2020. T...

Visa Teases Plans for an Interoperable Hub for Crypto Payments

Visa announced that it is currently developing the “Universal Payment Channel” (UPC), a hub that connects multiple blockchain networks and allowing for secure transfer of digital currencies. The payments giant calls it a a “universal adapter” among b...

European Funding Trends: Soaring Wealthtech and Insurtech Funding

In Q2 2021, European fintech companies raised a record of US$7.2 billion in venture capital (VC) funding, a 30% quarter on quarter (QoQ) surge driven by insurtech and wealthtech companies, according to new data from CB Insights. Among all fintech seg...

London’s SME Lender Wiserfunding Bags £3 Million From BGF

Wiserfunding, a London-based provider of credit risk assessment for SME lenders, announced it has secured £3 million investment from growth capital investor BGF. The deal was led by James Austin and Rowan Bird at BGF. As part of the deal, James Austi...

85% of World’s Largest VCs Bet on Blockchain and Crypto

Out of the world’s 20 largest venture funds based on assets under management (AUM), 17 have invested in companies involved in blockchain technology or cryptocurrencies, implying that 85% of the world’s biggest investors have committed part of their f...

Payments Giant Mastercard Jumps on the BNPL Bandwagon

Mastercard announced that it is set to introduce a new Buy Now, Pay Later (BNPL) offering, Mastercard Installments for its customers in the United States, Australia and the UK. The programme gives consumers a flexible, ubiquitous way to pay online an...

SEBA Bank, Crypto Finance Licensed as Custodians of the First Swiss Crypto Fund

The Swiss Financial Market Supervisory Authority (FINMA) announced that it has approved the first crypto fund “Crypto Market Index Fund”. The fund is administered by investment management company PvB Pernet von Ballmoos (PvB), with custody by digital...

Backbase Entwickelt Kundenportal für Raiffeisen Bank

Im Rahmen der Strategie «Raiffeisen 2025» investiert Raiffeisen substanziell in den weiteren Ausbau ihrer digitalen Kanäle. Bis Ende 2025 soll ein Kundenerlebnis-Portal entstehen, in dem alle digitalen Dienstleistungen von Raiffeisen im Sinne eines S...

Swiss Blockchain Firm Authena Raises CHF 2.3 Million in Seed Funding

Authena, Swiss blockchain-based technology solutions provider for tracking supply chains, announced that it has closed a CHF 2.3 million seed funding round from angel investors from Switzerland and the United Kingdom. The firm also received funding f...

Wo Finanzberater zu Cyborgs transformieren

Are you dating your customer yet? An der Swiss Digital Finance Conference vom Freitag, 1. Oktober 2021, tauschen sich am Campus Zug-Rotkreuz der Hochschule Luzern namhafte Vertreterinnen und Vertreter aus der Finanzbranche zum Potenzial der Daten fü...

Switzerland Dangles Carrot for Crypto Exchanges

The award of a trading license to the SIX Digital Exchange (SDX) coincides with a regulatory backlash on crypto exchanges around the world. For cryptocurrency enthusiasts, the writing is on the wall: the nimble upstarts may have gained a head start b...

Insurtech Wefox ernennt ex Zurich CEO zum neuen Chief Insurance Officer

Das InsurTech wefox ernennt Peter Huber (49) zum Chief Insurance Officer (CIO). Vorbehaltlich der regulatorischen Bewilligung durch die FMA Liechtenstein übernimmt der Spitzenmanager als Leiter des eigenen Versicherungsträgers die Expansion in den Be...

Zurich Ties up With BOXX Insurance, Invests in Its Series A Fundraise

Zurich Insurance Group announced a global collaboration with Toronto-based insurtech BOXX Insurance (BOXX), which provides fully-integrated cybersecurity and insurance solutions for small-to-medium-sized businesses (SMEs), consumers and families. Tec...

Entrust Signs Deal to Acquire Parisian Fintech Antelop Solutions for Undisclosed Sum

Entrust, an American digital security and credential issuance solutions provider, announced that it has signed a deal to acquire Antelop Solutions, a Paris-based fintech that enables financial institutions to issue secure digital credit and debit car...